It is not recommended that the encryption market only depend on Trump. We need to rebuild an independent narration

By Anderson Sima, Executive Editor, Foresight News

The encryption market again celebrates Trump.

But I am not enthusiastic, not because I do not carry the distinctive Sol, XRP and Ada, but because a series of measures that President Trump has taken after taking office made me excited but also worried about the encryption industry.

Before the Trump administration announced its initiative to enhance the strategic cryptocurrencies reserves on March 2, another diplomatic event that attracted global attention deserves attention from the encryption industry.

On February 28, US President Trump, Vice President Vans and Ukrainian President Zelinski, who was visiting the White House, had a hot argument in front of the media. This extraordinary argument in diplomatic practice revealed the current US government’s dissatisfaction because of its unlimited responsibility in the World Peace Command. The main conflict was Trump’s unwillingness to pay an unjustified price for other countries – that is, America first.

Yes, this is the logo of the Trump campaign and the ruling philosophy. If you understand this, you can also see what kind of political motivation behind Trump’s new encryption policy?

“America first” does not mean financial equality

Trump’s basic philosophy is “America first”, and his political goals were always centered on unifying global hegemony and the economic interests of the United States. In the field of encrypted currency, although it claims to promote the United States to become a “global coding capital”, the essence of its policy is to use the state authority to implement commercial protectionism and ensure that the United States is always maintaining its main position in the world.

So what is the essence of the cryptocurrency? In fact, there is no basic difference between cryptocurrency and traditional financial markets in terms of specific products and models. Even the cryptocurrency is now included in the main commodity category and can be traded in trading investment funds or future contracts. But there are a lot of financial products in the world, what is very special about the encrypted currency?

As a practitioner, my answer is that the appearance of cryptocurrency is mainly a revolutionary financial equality movement. From the point of view of the Marxist economy, given that its birth, financial products, as a system derived from capitalism, always represent the interests of elites and it is a tool for unlimited expansion of capital, but it does not serve the proletariat and prefers capital and large energy machines.

But the appearance of bitcoin is exactly dissatisfaction and innovation in this system. The design of the cryptocurrency and the emergence of smart contracts allows all investors to enter a new financial system without permission or threshold. This system is universal, inexpensive, and even open and transparent from the beginning. If “America is first placed” first, Blockchain technology will not be invented by an unknown person.

If the United States really realizes the strategic reserves of Bitcoin, I am very excited about that. But after four years, is the new American president still adhering to this policy? Can the market correction of the huge sale pressure at that time? Does the Democratic Party re -establish the “cryptocurrency prison”? The market is always in time, and the long term is not looking at traders, but as a long -term practitioner, this question is very important.

Trump opened the Bandura Fund

In addition to relevant policies, Trump and Melania coins launched by Trump’s couple not only increasing the speculative bubble in the encryption market, but also opened the Pandora Fund “the release of celebrity currency”, which led to a serial reaction.

Trump began to practice the issuance of coins by the president himself, which also created a hot point in the market. After the Trump coin launch, its market value increased once to about 80 billion US dollars, then modified to $ 10 billion, causing heavy losses to those who chased high prices. Similar cases spread after his wife, Melania and the President of Argentina, followed her example, as a vicious cycle of “COLLAPSE” formed, draining the liquidity of the market and influencing the positive image of the industry and the health market environment.

Recently, the American Celebristy Kanye West will also join the rows of the metal currency version. He was promoting and advertising on social media early. Does the market need a lot of famous ames? The development of a distinctive symbol life has increased from several years to several hours of difficulty and risks, even for dedicated merchants.

In the past, strict SEC’s strict supervision create industry innovation while protecting asset security for investors. But now, under Trump’s personal leadership, the process of issuing a very rapid currency and very low organizational costs has made the encryption industry “the Holy Land”, right? Therefore, we joked that the fraud group in North Myanmar has begun to move to the coded currency field. The behavior of the Trump currency version “around the industry into a tool for political manipulation”, which weakens a serious understanding in the external world of Blockchain technology.

Lessons from the past: from musk to Trump

Trump is not the first celebrity to use its impact to excite the encryption market. Tesla Musk CEO has been the strongest in the last session. It has pushed Bitcoin to the top by buying Tesla from Bitcoin, and then turned into Dogecoin to cause Bitcoin’s decrease. In this course, Trump became the new hardening.

It is not difficult to find that it is very voted. Trump and musk are not predicted on the market, especially President Trump, who is more than a businessman. However, when the encrypted currency is beneficial to its political influence, it embraces it without hesitation, just as he criticized a strong encoded currency a few years ago.

If the industry depends a lot on the support of the central authorities such as Trump, we will be transferred from the original intention of “law is the law.”

The encryption industry needs to rebuild its independent novel

Trump’s encryption policy seems to give the industry a green light, but it actually hides holes. The “America First” region undertakes the activities of encryption technology, and a wave of celebrity currency was born a speculative bubble, and the strong linking of policies and markets has led to a decrease in industry in periodic turmoil.

We must clearly realize that real financial equality cannot depend on the “power” of political powerful men, but must return to the basic value of the neutrality of technology. Only by adhering to the decentralized narration and innovative technology continuously, we can find opportunities to change the world like artificial intelligence.